Liquidator

Person appointed by unsecured creditors in the United Kingdom to oversee the sale of an insolvent firm's assets and the repayment of its debts. The New York Times Financial Glossary

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liquidator liq‧ui‧da‧tor [ˈlɪkwdeɪtə ǁ -ər] noun [countable usually plural] FINANCE
a professional person or organization whose job is liquidating companies in financial difficulty; = RECEIVER:

• The liquidators are unlikely to pay more than 10 cents on every dollar owed by the failed bank.

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liquidator UK US /ˈlɪkwɪdeɪtər/ US  /-ṱɚ/ noun [C]
LAW, FINANCE an official person or organization that is given the job of closing a company, by selling its assets so that its debts can be paid: »

The liquidator appointed an expert to value the company's machinery.

Compare RECEIVER(Cf. ↑receiver)

Financial and business terms. 2012.

Look at other dictionaries:

  • Liquidator — may refer to one of the following:*Liquidator (law), a person appointed to oversee the liquidation of a company *The Liquidator, a supervillain in the animated Disney television series Darkwing Duck *Liquidator (Chernobyl), a person who took part …   Wikipedia

  • liquidator — liq·ui·da·tor / li kwə ˌdā tər/ n: one that liquidates; esp: an individual appointed by law to liquidate assets compare receiver Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Liquidator — Liq ui*da tor (l[i^]k w[i^]*d[=a] t[ e]r), n. [Cf. F. liquidateur.] 1. One who, or that which, liquidates. [1913 Webster] 2. An officer appointed to conduct the winding up of a company, to bring and defend actions and suits in its name, and to do …   The Collaborative International Dictionary of English

  • Liquidator — (lat.), s. Liquidation …   Meyers Großes Konversations-Lexikon

  • liquidator — 1825, agent noun in Latin form from LIQUIDATE (Cf. liquidate) …   Etymology dictionary

  • liquidator — [lik′wi dāt΄ər] n. a person who liquidates, esp. one legally appointed to liquidate a company, etc …   English World dictionary

  • liquidator — A person appointed by a court, or by the members of a company or its creditors, to regularize the company s affairs on a liquidation (winding up). In the case of a members voluntary liquidation, it is the members of the company who appoint the… …   Accounting dictionary

  • liquidator — A person appointed by a court, or by the members of a company or its creditors, to regularize the company s affairs on a liquidation (winding up). In the case of a members voluntary liquidation, it is the members of the company who appoint the… …   Big dictionary of business and management

  • liquidator — a qualified person appointed by a court to close down a business that is a proprietary company and realise and distribute its assets in payment of its liabilities. Glossary of Business Terms Person appointed by an unsecured creditor in the United …   Financial and business terms

  • Liquidator — In the most general sense, a person or entity that liquidates something. More specifically, a liquidator refers to an officer that is specially appointed to wind up the affairs of a company. The liquidator is legally empowered to act on behalf of …   Investment dictionary

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